IPO Details
Bidding Dates
29 Aug '23 - 31 Aug '23
Minimum Investment
₹14,994/ 1 Lots (34 Shares)
Price Range
₹418 - ₹441
Maximum Investment
₹194,922/ 13 Lots (442 Shares)
Retail Discount
Not Applicable
Issue Size
₹490.78 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Rishabh Instruments IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Aug 29, 2023
IPO Closing Date
Aug 31, 2023
Basis of Allotment
Sep 5, 2023
Initiation of Refunds
Sep 6, 2023
Credit of Shares to Demat Account
Sep 7, 2023
IPO Listing Date
Sep 10, 2023
Rishabh Instruments IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Aug 29, 2023 |
0.01 | 1.25 | 0.96 | 0.75 |
Day 2Aug 30, 2023 |
0.22 | 4.66 | 2.83 | 2.48 |
Day 3Aug 31, 2023 |
72.54 | 31.29 | 8.43 | 31.65 |
Rishabh Instruments IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 72.54 |
| Non-Institutional Buyers | 31.29 |
| Retail Investors | 8.43 |
| Total | 31.65 |
About Rishabh Instruments Ltd.
It’s a global energy efficiency solution company offering electrical automation, metering and measuring, and precession engineering through a vertically integrated business model. The company designs, develops, and manufactures devices for the power, automotive, and industrial sectors.
The company is a global leader in manufacturing and supplying analogue panel metres and low-voltage current transformers. It is involved in product innovation with R&D centres in India, Poland, and China. Among 5 manufacturing units, 2 are in India, 2 in Poland and 1 is in China. It caters to a base of 100 customers with a portfolio of 145 product lines.
Rishabh Instruments Ltd. IPO Details
Rishabh Instruments is a fresh IPO and offer for sale worth ₹490.78 crore. The issue comprises 1,11,28,858 shares and is priced at ₹418 to ₹441 per share. Retail investors can bid for the Rishabh Instruments Limited IPO, which will open on August 30, 2023. Rishabh Instruments Limited’s IPO will be listed on the BSE and NSE exchange on September 11, 2023.
Rishabh Instruments Ltd. IPO Objectives
The company proposes to utilise the net proceeds received from the fresh issues in the following areas.
- To finance the expansion of its Nashik manufacturing unit.
- General corporate purposes.
Should you invest in Rishabh Instruments Ltd.?
You may like to consider the following reasons before investing in Rishabh Instruments Ltd. IPO.
- The company is a global player providing electrical automation, meeting and measuring, and precision engineering solutions.
- It has a diversified product suite of 145 items manufactured internally in 5 manufacturing units.
- The company has been operational since 1982 and has a successful operational record with steady growth in revenue and profit.
- The industry in which it supplies its products and services offers an excellent opportunity for growth.
Competitive Peers
There is no comparable company in India or globally that engages in the business line of the company.
Rishabh Instruments Ltd. Noteworthy highlights
- Rishabh Technologies invested Rs.93.56 million towards R&D in Fiscal 2022.
- As a global energy-efficient, solution-providing company, Rishabh Technologies caters to 100+ customers.
Rishabh Instruments Company Financials
| Particulars | 6 months ending September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 2,622.43 | 4,702.50 | 3,899.56 |
| Profit After Tax (PAT) | 168.32 | 496.52 | 700.21 |
| PAT Margin | 6.35% | 10.35% | 8.93% |
| EBITDA | 358.07 | 826.32 | 700.21 |
| EBITDA Margin | 13.71% | 17.57% | 17.96% |
| ROE | 4.91% | 14.58% | 12.01% |
Know before investing
Strengths
3-
The company has abilities to drive technology and innovation to set trends for the industry.
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It operates in a vertically integrated model backed by strong manufacturing capabilities.
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The company caters to a wide customer base eliminating customer concentration for revenue generation.
Risks
3-
It’s a manufacturing company so dependent on the smooth performance of its manufacturing facilities for continuous revenue generation.
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Most of the net proceeds from the IPO will go to the expansion of the Nashik unit.
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Failing to complete projects on time can impact the company’s profitability.
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Rishabh Instruments IPO FAQs
The Rishabh Instruments Ltd IPO contains a fresh issue and an offer for sale worth ₹490.78 crore. The issue comprises 1,11,28,858 shares and is priced at ₹418 to ₹441 per share. The IPO will open on August 30, 2023.
The Basis of Allotment will happen on Wednesday, September 6, 2023.
The IPO subscription window will open on August 30, 2023.
Retail investors can apply for a minimum of one lot, which consists of 34 shares.
Rishabh Instruments Ltd IPO will be listed on the NSE and BSE exchanges on Monday, September 11, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is September 11, 2023, for Rishabh Instruments Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
Will be updated soon.
